Quadplex with 2-Bedroom
For Sale
$325,000
604 Buena Vista Drive, Weslaco, TX 78596
Four 2-bedroom, 2-bath units with washer/dryer connections and two parking spaces per unit.
Property Size3,132 SF
Price / SF$103.77
Days on Market115
Property Features for 604 Buena Vista Drive
General Information
Standard status
Active
Size
3,132 SF
Total Parking Spaces
8
Property subtype
Residential Income / Quadruplex
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Cap Rate
7%
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,321
Amenities
Central Air, Electric
Central, Electric, Yes
Tile
Electric Water Heater, Water Heater (In Attic), Refrigerator, Stove/Range-Electric Coil
Yes
Laundry Closet, Washer/Dryer Connection
Ceiling Fan(s)
Slab
No
Clay Tile
Chain Link
Outbuilding (None)
Mature Trees
Smoke Detector(s)
1
Stucco
Building Details
Year Built
2007
Tenancy
Multi
Listing Agency:
Re/Max Elite
Listed By:
Cecilia Gonzales · License #767526
(956) 854-1444
Source:
Compass
Added: Jun 22
Changed: Oct 11
Last Checked: Oct 12 at 10:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Re/Max Elite
Investment Insights
Based on property information with market context.
This quadplex includes four separate units, each offering two bedrooms and two bathrooms. Washer and dryer connections are provided in every unit, and each unit is allocated two parking spaces. The property is described as having a villa-like appearance, including clay tile roof styling.
The building is located in Weslaco, Texas, off 18th Street, with multiple nearby amenities called out in the remarks, including Neighborhood Walmart, gas stations, and Starbucks. Additional nearby references include Harlon Block Sports Complex, Memorial and Margo Elementary, Downtown, and hospitals, with access to the expressway noted as about 10 minutes away.
For buyers seeking a small multifamily asset, the four-unit configuration can support an owner-operator or investor strategy centered on manageable scale. The remarks also note separate water and electric meters for the units, which may simplify utility billing and maintenance planning. Please review the full financial and operating details during your private tour.
The building is located in Weslaco, Texas, off 18th Street, with multiple nearby amenities called out in the remarks, including Neighborhood Walmart, gas stations, and Starbucks. Additional nearby references include Harlon Block Sports Complex, Memorial and Margo Elementary, Downtown, and hospitals, with access to the expressway noted as about 10 minutes away.
For buyers seeking a small multifamily asset, the four-unit configuration can support an owner-operator or investor strategy centered on manageable scale. The remarks also note separate water and electric meters for the units, which may simplify utility billing and maintenance planning. Please review the full financial and operating details during your private tour.
Key Highlights
- 4‑unit property built in 2007 in Weslaco, TX, with each unit offering 2 bedrooms and 2 bathrooms
- Washer and dryer connections available in every unit
- 2 parking spaces provided per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,389
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,780
$547.8K
Cap Rate 7%
$391,271
$391.3K
Cap Rate 9%
$304,322
$304.3K
Market Conditions
NOI Build-Up for 3,132 SF
Gross rent
$44.0K $14.04/SF
− Vacancy
−$4.8K −$1.55/SF
EGI
$39.1K $12.49/SF
− OpEx
−$11.7K −$3.75/SF
NOI
$27.4K $8.74/SF
Area
Hidalgo County, TX
Vacancy
11.02%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,780
Cap Rate 7%
$391,271
Cap Rate 9%
$304,322
Alternative Uses
Best Use
Multifamily LT 5
$391.3K
$342.4K – $456.5K
NOI $27,389 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$360.2K
$315.2K – $420.3K
NOI $25,217 @ 7.0% cap · market cap 7.76%
Theoretical Best
Hotel Hospitality
$2.36M
$2.06M – $2.75M
NOI $165,135 @ 7.0% cap · market cap 50.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Explore this area
Business Placement
Demographics for 78596, TX
37,329
Population
15,824
Households
2.4
Avg Household Size
36
Median Age
21%
College-Educated
75%
High-School Grad
40.1 sq mi
ZIP Area
931
Density / Sq Mi
$53,797
Median Household Income
$31,618
Median Earnings
$917
Median Rent
$92,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four 2-bedroom, 2-bath units with washer/dryer connections and two parking spaces per unit.
Where is this quadplex located?
The property is located at 604 Buena Vista Drive Weslaco, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 4‑unit property built in 2007 in Weslaco, TX, with each unit offering 2 bedrooms and 2 bathrooms; Washer and dryer connections available in every unit; 2 parking spaces provided per unit
